LIPTON TEAS AND INFUSIONS KENYA PLC

First formed in 2020 as a distinct division within Unilever named , in November 2021, -based firm reached an agreement to purchase the business for €4. 5 billion. The sale was completed in 2022, after which Ekaterra was renamed as Lipton Teas and Infusions. Unilever retained the use of the brands in , , and , as well as its ready-to-drink Iced Tea with. The named after its founder, Sir who started an eponymous grocery retail business in the United Kingdom in 1871. The Lipton tea business was acquired by consumer goods company Unilever in a number of separate transactions, completed in 1972 when Unilever bought the remainder of the global Lipton business from. ---
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*[v]: View this template *[t]: Discuss this template *[e]: Edit this template. “The transaction, therefore, qualified as a merger within the meaning of sections 2 and 41 of the Competition Act CAP 504. Premised on the above, the Authority approved the proposed acquisition of 98. 56% of the issue share capital of Lipton Teas and Infusions Kenya PLC by B Commodities ME (FZE) unconditionally,” CAK stated. The Authority has also assessed that the merger will not lead to any employment losses, assuring all 9,715 employees at Lipton Teas and 405 employees of Limuru Tea that they will be retained even after the acquisition. The estates’ sale has been challenged by local communities citing they were not informed of the proposed transaction. They said that they offered to purchase the estates through cooperative societies but Lipton overlooked them and offered to sell them to B Commodities, a subsidiary of Sri Lankan company called Investments PLC. Lipton Tea announced in May this year that it planned to sell off tea estates it owned across the region including those in Tanzania and Rwanda. Browns’ estates across the world currently stand at 40,000 hectares and it produces 43 million kilograms of black tea. It has also acquired various tea farms in Kenya’s Rift Valley region. The company also acquired 51. As it plans to change its business model, the company has pledged to re-invest its proceeds in the region to boost the local economy